Quantitative Aptitude Multiple Choice Questions On - Simple Interest - Online Test Part - 9

Simple Interest Online Test Part - 9

Exam Name - Quantitative Aptitude
Subject Name - Simple Interest
Exam Type - Multiple Choice Questions
No Of Questions - 10

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Question - 1: Rahul borrowed Rs. 830 from Mr. Lal 12% p.a. S.I. for 3 years. He then added some more money to the borrowed sum and lent it to Shobha for the same period at 14% p.a. rate of interest. If Rahul gains Rs. 93.90 in the whole transaction, how much money did he add from his side ??

1. Rs. 35
2. Rs. 55
3. Rs. 80
4. Rs. 105

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Answer = D - Rs. 105
Explanation: No Explanation

Question - 2:At what percent per annum will a sum of money double in 16 years? ?

1. 6x1/4%
2. 5x3/2%
3. 7x2/3%
4. None of these

Show/Hide Answer

Answer = A - 6x1/4%
Explanation: Let Principal = P.
Then,S.I = P and T = 16 yrs.
Rate = (100×P/P×16)%
= 6×1/4%.

Question - 3:At a certain rate of simple interest, a certain sum doubles itself in 10 years. It will treble itself in : ?

1. 12 years
2. 15 years
3. 20 years
4. 30 years

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Answer = C - 20 years
Explanation: No Explanation

Question - 4:A sum of Rs. 1550 was lent partly at 5% and partly at 8% p.a. simple interest. The total interest received after 3 years was Rs. 300. The ratio of the money lent at 5% to that lent at 8% is : ?

1. 8 : 5
2. 5 : 8
3. 31 : 6
4. 16 : 15

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Answer = D - 16 : 15
Explanation: No Explanation

Question - 5:What will the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years. ?

1. 1:2
2. 2:1
3. 2:2
4. 2:3

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Answer = D - 2:3
Explanation: No Explanation

Question - 6:A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years at the rate of simple interest. What is the rate of interest? ?

1. 3%
2. 4%
3. 5%
4. 6%

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Answer = D - 6%
Explanation: No Explanation

Question - 7:The difference between the interests received from two different banks on Rs. 500 for 2 years, is Rs. 2.50. The difference between their rates is : ?

1. 1%
2. 0.5%
3. 0.25%
4. 2.5%

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Answer = C - 0.25%
Explanation: No Explanation

Question - 8:The simple interest on a sum of money at 8% per annum for 6 years is half the sum. The sum is ?

1. Rs. 4800
2. Rs.6000
3. Rs. 8000
4. Data inadequate

Show/Hide Answer

Answer = D - Data inadequate
Explanation: No Explanation

Question - 9:A man invests a certain sum of money at 6% p.a. simple interest and another sum at 7% p.a. simple interest. His income from interest after 2 years was Rs. 354. One fourth of the first sum is equal to one fifth of the second sum. the total sum invested was : ?

1. Rs. 2600
2. Rs. 2700
3. Rs. 2880
4. Rs. 2900

Show/Hide Answer

Answer = B - Rs. 2700
Explanation: No Explanation

Question - 10:A financier claims to be lending money at simple interest, But he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes. ?

1. 10.25%
2. 10%
3. 9.25%
4. 9%

Show/Hide Answer

Answer = A - 10.25%
Explanation: No Explanation

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